This type of cok heading by who?
BEIJING – China’s economy slowed across the board in July with factory activity and retail sales disappointing, suggesting US President Donald Trump’s trade war is starting to weigh on the world’s No. 2 economy.
Production at Chinese factories and mines rose at the slowest rate since November and
expanded 5.7 per cent in July from a year earlier, according to data released by the National Bureau of Statistics (NBS) on Aug 15, compared with June’s gain of 6.8 per cent.
The median forecast of economists in a Bloomberg survey was for an increase of 6 per cent.
Retail sales grew 3.7 per cent year on year in July, the least in 2025, down from 4.8 per cent in the previous month.
“China’s economy overcame negative factors, including a complex and fast-changing external environment and extreme weather at home, and maintained progress amid stability,” the NBS said. “The
economy showed relatively strong resilience and vibrancy.”
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